Discuss the below in detail in a 250 words each:
1) What is a financing contingency in a real estate sales contract?
How are hazard insurance and title insurance different from each other?
2) Discuss the differences between the following types of listing agreements: open, exclusive agency, and exclusive right to sell. Which type do brokers most likely prefer? Why?
Why is highest and best use analysis important in estimating market value?
3) What are the five principal types of residential developments? Write a short description of each.
Explain the steps involved in a feasibility and market analysis for a proposed shopping center.
4) What is the difference between a real estate space market and the real estate asset market?
When choosing an area to live in, what should you consider?
5) What are FHA's and VA's roles in the mortgage market?
Lara is buying a new home with a mortgage loan for $186,500 at 6.5 percent annual interest with a term of 30 years. What is the amount of the monthly payment necessary to amortize this debt?
Explain what is meant by an amortizing mortgage.
6) Explain the advantages and disadvantages of real estate investing.